MilitiaMan Thursday Night "Light At The End Of The Tunnel" 6-2-2022

KTFA:

Samson:  What is the choice of independents in light of the political impasse? Arab explains

1st June, 2022

Independent MP Hussein Arab clarified today, Wednesday, about the option of dissolving the House of Representatives, stressing that it is a last political solution in the event that political boycotts continue.

In a statement to the National News Center, Arab said, "The option to dissolve Parliament is very difficult, and if we do not find quick and final solutions to end the political blockage, we may resort to it as an alternative and last political option."

He added that "if the government is not formed and its file is resolved during the next month, most members of the House of Representatives may resort to the decision to dissolve the House of Representatives."

He pointed to "the importance of the initiative of the independent representatives during the next stage," noting that "the initiative of the independents may be the end of the political blockage or the political process."

The political process, since the early legislative elections and until now, has witnessed great confusion, as well as political boycotts that have resulted in the disruption of an entire system. LINK

MilitiaMan:  So clearly they have been for warned as stated above. Dissolution is about to boil over...  They have a mere 15 days or less.. lol ~ MM

~~~~~~~~~~

MilitiaMan:  We have been told more than once this last week that they read it twice. Why say it over and over? They also told us the have the vote and then adjourned the session to an undisclosed time frame for return. I think the wording was, " until further notice." Sorry, but all the varying points of view has me thinking there is more to the story and we are about to find out the meat of it. Them starting to talk numbers is a key focus. They haven't told us anything about numbers..  They suggest there is nothing to hide? lol I can think of one major thing they are clearly hiding, imo. ~ MM

Al-Kaabi : The Emergency Food Security Support Law is ready for a vote

Today, Thursday, the head of the Parliamentary Finance Committee, Hassan Al-Kaabi, confirmed that the emergency support law for food security and development is ready for voting, and while he specified the amounts allocated to three ministries within the law, he announced an increase in the allocations of the Ministry of Electricity to 5 trillion and 300 billion Iraqi dinars.

Al-Kaabi said, in a statement to a number of media outlets, including the "National News Center", that "after the parliament completed the second reading of the emergency food security support law, there is a team inquiring about the schedules of the law and what the allocated amounts are, and certainly there is nothing to hide." LINK

~~~~~~~~~~~

MilitiaMan:  Dissolution and or even granting the Prime Minister additional powers is in the cards too. Sadr has been like a tactician in battle. He has the parliament in the cross hairs. There is nothing much they can do at this stage. A) Join him and form the government of face dissolution and or even an unknown that is additional powers granted to the PM.. Losing ones immunity from the affects of a dissolution with all the corruption files in the hands of the integrity committee is I am fairly sure a very serious position to be in. One that could of some serious consequences. imo ~ MM

An informed source: Al-Sadr refused to receive any Iraqi or foreign figure

2nd June, 2022

A source close to him said that the leader of the Sadrist movement, Muqtada al-Sadr, refused "to meet with any Iraqi or foreign figure during this period who wants to discuss the crisis."

The same source confirmed that "Al-Sadr anticipates an Iranian movement, behind which is the new Iranian ambassador, Muhammad Al-Sadeq, by informing his office of an apology for not meeting the personalities who wish to discuss the political crisis."

He added that "the political body of the Sadrist movement headed by Hassan al-Adhari, did not conduct any negotiations or meetings in the past two weeks, after informing all political parties, al-Sadr adhered to the option of the national majority government, and refused to confiscate the right to form a government from the Sadrist movement."

As for after the 15-day deadline expires, the same source said that "there will be a new movement for the Sadrist movement towards various political parties to present its vision in forming the new government, and the reason for its insistence not to repeat the Al-Attar mixture that formed 7 previous governments and did not increase Iraqis but misery" as he says.

And the source considered that "the continued inability to form the government in the form that the Sadrist movement insists on, makes the issue of dissolving Parliament and going to new elections or granting Mustafa Al-Kazemi's government some powers to run the country's affairs as options." LINK

MilitiaMan:  Is there light at the end of the tunnel. It sure looks there is some that feel Iraq is about to enhance the economic situation in Iraq and the world.. Fairly sure for Iraq to enhance not only themselves but also the world at large, they'll need to go international.. They will not be doing that at an imposed 1460 exchange rate.. Or the would have by now.. imo ! << MM >>

Shafaq News / Iraq's Prime Minister, Mustafa al-Kadhimi, received on Thursday the new US ambassador to Baghdad, Alina Romanowski. Al-Kadhimi praised, according to a statement by his office, that Iraq cares for strengthening ties with the US in all fields.

He expressed Baghdad's readiness to work and achieve stability and enhance the economic situation in Iraq and the world. The two sides confirmed that security and military cooperation between the two countries is ongoing to end terrorism. For her part, Romanowski said that Washington looks forward to more joint work with Baghdad, especially in the economic, cultural, and educational fields.

https://shafaq.com/en/Iraq-News/PM-al-Kadhimi-receives-US-ambassador-to-Iraq

MilitiaMan and KTFA Members "News and Views" Thursday PM 6-2-2022

KTFA:

The Snod:  Just a quick chime in…it’s frustrating to watch, but personally, staring at the Iraqi political theatre will only frustrate you.  There are signs of considerable leverage over the Iraqi/ Iranian dialogue that leaves me very hopeful. 1. Iraq has been cleared of Ch. 7 by whom I believe to be a conglomeration of the most powerful people on the planet.  

They know what is going on from the Iranian side and it didn’t stop them from dropping the bankruptcy.  2.  We are all caught up in the Central Bank Digital Currency system.  And I do mean pretty much all of us—US, Europe, and the ME.  This is no longer conjecture, conspiracy, or theorization.  Biden signed off on it himself. The USA has been given White Papers just like Iraq.  

No nutty hi-jinks from Iran or Iraqi parliamentarians have the leverage to stop this.  Perhaps, our biggest clues of how the timing of this will work out in Iraq to go digital may be all the discussions they are having over gas and electricity with Iran.  It would be most advantageous to tie commerce with Iran if possible.  Isn’t it interesting that these dialogues have picked up.  

Not to mention, China has showed up again.  People will show up again at the end if they feel like they are about to completely lose out.

Tivon: Most parliament and House of Representatives already voted for all paragraphs that pertain to the citizens to be implemented with or without a seated government. Which includes Citizens Entitlements. What falls under that? The Oil & Gas Law. Which is not contingent upon the formation of the government.

They have told us multiple times as  Al-Zamili mentioned just days ago that they are working around the political blockage by still passing laws without a GOI. The Food Security Law is a prime example.

We are a few days away from it becoming official. So I do not put any emphasis on the political impasse. They have shown no real obstacle as of yet that has deterred what is intended for the F.S.L. So I am watching prior to 15 for major news to break.

 The forming of the government has become a formality. Not something that needs to be done for the HCL/Oil & Gas. You all forget things so easily even when it's only 24 hrs old  IMO

 05/31/2022

 The rights movement confirmed that the adoption of the emergency food security support law aims to empty the government budget of the surplus.

 The movement's spokesman, Ali Fadlallah, said; For the program {Al-Mastra}, broadcast by Al-Furat satellite channel tonight, that: "The government deals with the people in the manner of a corrupt doctor, and if the Iraqi parliament is really interested in the citizen, there is a financial management law that is an opportunity."  

 He added, "The caretaker government has the right to dispose of the surplus of the 2021 budget, amounting to 14 billion dollars, which is supposed to be used to raise the value of the dinar and increase the balance of hard currency."

~~~~~~~~~~

MilitiaMan:  Agreed Tivon that the present government is currently doing work and will continue to do so. The fact that Sadr is not taking visitors from Iraq or Foreign entities shows that his focus is on, "You know where I stand politically and that is that."

Dissolution is on the table and let that sink in everyone. That fact is likely why there is much ado about the FSL being all over the place in the news and in one instance they even call for it to be shelved for to execute the 2022 Budget. Either way Sadr has no intention of budging from his stance.

The threat for / from the dissolution must have them stirred up. Losing immunity and their cash cow named corruption, is not going to be without some ruffled feathers, as we can see. lol  That 30 day (15+- day left) window that Sadr gave is fast approaching and is like a time bomb ticking for those that are not on board with him. They are not likely to wait all that long knowing that. 

I too am looking for the Finance Train and the Political Train to hit the platforms at the same time, they are congruent imo.. The conductor will announce the arrival of them over a very loud whistle be sure upon arrival, can't wait and look forward to an impasse even sooner than that. That threat of dissolution may pick up steam.. lol Pressure can do amazing things on ones mental state. lol.. We shall see.

We are not waiting on future elections at this stage. There are far too many things completed on the Finance side of things. The e-government side of things, the automation side of things, the digitization's side of things, etc.. All of that hard work has not been done to be put off for another 4-6 months with no guarantee they could even get an election done in the next round based off the current record. PM K has the legal side now and when dissolved, he will too.. Sadr can give PM K more power if he choses as well.. . imo ~ MM

""And the source considered that "the continued inability to form the government in the form that the Sadrist movement insists on, makes the issue of dissolving Parliament and going to new elections or granting Mustafa Al-Kazemi's government some powers to run the country's affairs as options."""

Samson:  A Deputy In The Framework Pledges The Passage Of Food Security To Achieve This Matter

2nd June, 2022
Member of the coordination framework, Representative Muhammad Al-Baldawi, confirmed, on Thursday, that the framework’s deputies will not vote for any paragraph of the food security law unless explanatory tables are attached to the exchange so that the specialized committees can fully control the exchange mechanisms, while indicating that the law will only be passed after specifying a specific period for its effectiveness, and in the event of approving the budget, it shall be considered null and void.

Al-Baldawi said in a statement to "Information", that "the second reading of the Food Security and Development Law faced a torrent of criticism and pointed out many defects by the interference of the members of the Council, due to the presence of vague paragraphs in which it smells of corruption and financial waste."

He added that "the framework's deputies and a large number of deputies will not vote for any paragraph of the food security law unless explanatory tables are attached so that the specialized committees can fully control the exchange mechanisms."

Al-Baldawi explained, “The law did not specify its validity period, and this matter may be a substitute for the budget. Therefore, the attempt to pass it in this way will face a rejection by the members of the Council,” calling on the Finance Committee to “add a paragraph to determine its validity period, as well as indicating that in the event of approval of the budget is considered null.”   LINK

~~~~~~~~~~

TIVON:  So now they are worried about not having the ability to use the budget as political football if the "Food Security Law" actually utilizes services, projects, and Investments, along with "Citizen Entitlements" to address what the budget was supposed to do last year which is to give them "Purchasing Power".

Why are they concerned about the time period as to the validity of the law? They want to guage how long it will take not to be able to loot any more funds that supposed to go towards infrastructure or social services and programs that address the economic crisis.

Why is it important to know how long and effective the law will be? As long as the citizens are benefitting shouldn't the framework be happy that they are no longer suffering of basic essential items?

They are nervous that this law can act as a defacto budget? I wouldn't disclose anything to them just to be petty. They don't deserve to know that information since they have found skill to keep citizens in the dark about their private backroom dealings to shield off investigation into corruption in their bloc.

We do not want them controlling anything. The Framework should be considered a Non-Essential Item of Interest'. IMO  

~~~~~~~~~~

MilitiaMan:  That is likely why Sadr is not taking guests from Iraq nor Foreign entities. Not even the Iranian Ambassador.. They are all on notice of the 15 day window left to seat the government. If not, dissolution looms thickly!! They'll start to feel the boil here fairly quick..

AS for gauging how much the can steal, well that may not be the case any longer if the CBI has the control of the auctions.. The audits of oil revenues, the automation at the borders are coming on line with transparency, etc., that will curb the amount anyone can steal... If they do, it will likely be painful for those that get caught with illicit gains.

The new system is to be very transparent, and that system is said to have already started the implantation and activations. imo ~ MM

MilitiaMan and Tivon Chat Wednesday Night. "Borders, Corruption, FSL and More" 6-1-2022

KTFA:

Samson:  Customs responds to a parliamentary accusation about "automation": We are committed to implementing the decisions of the Council of Ministers 

06/01/2022 19:05:00

The General Customs Authority issued today, Wednesday, a clarification regarding the accusations made by the independent MP Hadi Al-Salami regarding the contract of the Ministry of Finance with "UNCTAD" to automate the customs work.

 The Director-General of the authority, Shaker Mahmoud Hussein, said, in a statement that {Etlfrat News} received a copy of it, that "the representative Al-Salami referred, in a televised statement, to Cabinet Resolution No. 106 of 2018 regarding obligating the relevant government agencies to adopt electronic documents in their transactions related to commercial exchange at the outlets. borders and archiving those transactions according to an electronic system and within a time limit.”

He added, "We refer in this regard to Resolution 183 of 2020, which includes authorizing the Minister of Finance to negotiate and contract with UNCTAD to automate customs work and to cancel all previous decisions on the subject of automation, noting that the authority has begun work in the first phase of the electronic automation system (AYSCUDA), and that the authority is committed to implementing decisions Council of Ministers".

Hussein continued, "The authority is proceeding with the issue of automating customs procedures by working on electronic systems at its headquarters and customs centers until the completion of the electronic automation system (AYSCUDA) and with personal efforts by the authority's management, namely: (the modern statistical system, and the customs revenue system at the authority's headquarters).

And customs centers, the system for archiving electronic permits in customs centers, the customs, tax and electronic access system, in addition to the exemptions system for the departments of development and investment.

He pointed out, "The people the deputy met with are illegal commentators requesting to enter the department, as the commission's procedures are to receive the books of the person concerned, complete them and send them to the departments in the hands of authorized agents."

Hussein explained, “It was mentioned in the deputy’s letter that the Prime Minister asked the Prime Minister to withdraw the hand for us due to the failure to implement Cabinet Resolution No. 106 of 2018, which is a canceled decision, as we mentioned above with Resolution 183 of 2020, and it is contrary to the text of Article 17 of the State Employees Law of 1991, pointing out,

To “one of the deputy’s escorts filming the department without an official permission to do so by the Ministry of Finance, and the deputy published it on social media in an explicit violation of the law and instructions, and he met some unknown people for the purpose of defamation and offending a department of the ancient state,” declaring “the deputy’s allegations are incorrect.” ".

He noted that "the new administration has received tasks and has heavy accumulations in front of it, as a large part of these accumulations have been changed for both the administrative, technical and infrastructure sides, and work is still continuing to address these accumulations, and there are many previous decisions that have not been implemented and we have started implementing them," indicating that the authority is now going through the best its cases and its greatest achievements during the reign of Minister Ali Abdul-Amir Allawi,"

Noting that:"the authority will achieve a qualitative leap in the issue of the great welcome yard with the Ports Company in the Ministry of Transport to automate seaports and customs." LINK

~~~~~~~~~~

MilitiaMan:  The bottom line is they are automating the borders and expect a qualitative leap in the level of automation they have ever had.. imo.. A Very welcome and timely development to say the least. The have started what appears to be the final touches or accumulations as they say. With the amount of products to ensue in pouring into the country, I can imagine the accumulations will be massive.. While that is on going they are to make sure that only those authorized to be in the facility are authorized and not to allow filming or personnel, a safety issue. No corruption allowed in or out. .. imo ~ MM

~~~~~~~~~~~

TIVON:   100 countries to my knowledge are using Asycuda ++ for facilitating merchandise trade as well as providing national and regional trade statistics. These are Burundi, Ethiopia, Malawi, Rwanda, Sudan, Madagascar, Uganda, Zambia and Zimbabwe. Iraq in this regard would be number 101.

They say the project will build a single window for international trade to facilitate compliance with import and export requirements. So I guess we have some obstructing parties that are a bit nervous as to the oversight from financial institutions that have provisions in place that will reduce corruption in certain committees that see their gravy train coming to a screeching halt.

It will also speed up customs clearance through the computerization and simplification of procedures, minimizing administrative costs to the business community and the Iraqi economy. We are in a great position. This is very timely as MM would say.

These next few days should reveal a lot. This project would greatly bolster the implementation of economic reforms as well. This will give the Iraqi government so much confidence to execute other plans that have been sitting on the back burner. No wonder we have some nervous sweaty hands looking to disrupt this plan.

Because of course this will play into the purchasing power of the citizens. Once this system is fully implemented and integrated. To be honest I wonder if this is really already done?

 I think these articles act as official disclosure. Because knowing Iraq has antagonist on an international scale. I doubt this report would come out in the sensitive stages of development where it can be disrupted enough to delay indefinitely all stages of development due to many factors.

Because the coincidence of this article along with the "Food Security Law" being days away from being implemented should not go unnoticed.   IMO 

Re: Earlier MilitiaMan Post today:  LINK  

Tivon:  Militia-Man, if you care to elucidate any further as to the role the Ration Card plays in the "Purchasing Power" that will be a result of the reinstatement or Oil & Gas Law in terms of electricity sector. I want to bring up some points regarding this.

 We know in the past back in 2012 the Iraqi Cabinet wanted to abolish the ration card. Which the government gives out household staples to the populace. The scrapping of the social welfare plan, which is over 20 years old, was seen as an important step toward economic development in the private sector. I presume they stated this because monthly checks from the government does not create jobs or help develop communities.

We see the results from that in America. The Ration Card system was introduced to Iraq by the regime of former leader Saddam Hussein. A form of social welfare, the national food assistance programme began in the early 1990s after sanctions were imposed on Iraq following the country’s invasion of Kuwait. It allowed card holders to claim a variety of household staples.

Which is why I expect that the enactment of laws are done independently of the formation of the government as they stated a couple of days ago that includes the HCL.

Since the US-led invasion of Iraq that toppled Hussein’s government in 2003, the Ration Card system has failed dramatically, plagued by inefficiency, widespread corruption and security issues. The long process of getting flour, rice, sugar, cooking oil, baby milk and other relevant staples from government warehouses into the hands of citizens as well the poor quality of the distributed items has made the Ration Card system more of a burden than a saviour.

So in terms of electricity we know there's a gas debt to Iran that needs to be paid that was partly paid some days ago. Fuel? Well I'm thinking this will be the Oil & Gas Law settlement. They have kept this under close guard. 

So where we stand today in 2022 with Citizen Entitlements, Oil & Gas Law, Food Security Law, Gold Reserves, Taxes & Tariffs, Agriculture, Import/Exports. All of which is supposed to benefit the citizens to lift them out of poverty given the monthly stimulus from the HCL, I assume they will have a short life span of using the Ration Card as a dependent upon social services since the card is only limited to basic essential items.

How or what other method of financial means will they be able to purchase things that the Ration Card can not grant them access to? Cars, furniture, clothing, etc. Because alot of emphasis has been put onto these cards where it is a bit concerning.

We want them to have a strong currency. Not a Ration Card as a primary source of income. That's why in 2010 the International Monetary Fund in February 2010 described the system as ‘an inefficient generalised benefit that distorts private sector activity’." Is the Energy Card the Ration Card? If so I guess this implies the HCL?  IMO

~~~~~~~~~~~

MilitiaMan:  The ration card, as a digitized card may be more efficient and specific to items directly. They'll not be able to use for unsupported items. As you point out the system was seen and known to be antiquated and a drag on the system with it's inefficiencies.

This new emergency security food law being synonomous with the budget, may very well be the conduit to the 2022 budget powered by the HCL.

Yes, I do believe the HCL is done, the Food Law is done and even it may be possible that the gov is done as well. As they had a quorum yesterday with 250 seats showing up. Voted, then adjourned.

The CF capitulated and is wanting to be involved now and then we see the laws are called to be enacted which they still have not completely told us which ones.. But, as I wrote and showed earlier the day before they did. Ration, energy, fuel, etc... ~ MM

MilitiaMan and KTFA Members "News and Views" 6-1-2022

KTFA:

Samson:  Zidane discusses with the Deputy Speaker of Parliament cooperation in enacting "important" laws

1st June, 2022

The President of the Supreme Judicial Council, Judge Faiq Zaidan, discussed today, Wednesday, with the Deputy Speaker of Parliament, Shakhwan Abdullah, to cooperate in the legislation of "important" laws.

In a statement received by Alsumaria News, the judiciary’s media stated, “The head of the Supreme Judicial Council, Judge Faiq Zaidan,  The Deputy Speaker of the House of Representatives received Mr. Shakhwan Abdullah.

He discussed with him the cooperation of the legislative and judicial authorities in enacting important laws.   LINK

Parliament adjourns its session until further notice

31st May, 2022

The House of Representatives has adjourned its session, which was held today, to further notice.

The second deputy chairman of the council, Shakhwan Abdullah, chaired the session before it was adjourned.

In today's session, the Parliamentary Finance Committee completed reading and discussing the report of the proposed emergency support law for food security and development.  LINK

~~~~~~~~~~~

MilitiaMan:  Was there other laws on the table in the meeting yesterday outside of the Emergency Security for Food Law? Amendments to the Natural Resources, Oil and Gas Law? They don't say.

In addition, today they are discussing the cooperation with the judicial authorities in enacting important laws. They again don't say which ones.

However, we see this from Sadr's group below. My view is they tell us clearly what is on the table. The ration card in it's entirety is the food law, the electric it their life blood A/C and Fuel (energy) is the Natural Resource, Oil & Gas Law (NGO) or commonly the HCL..

If that is the case, there is good reason to hide those sensitive issues. At least for the short sensitive time that is before them..

The words "enacting and implementation" are synonymous. Just as the EFL and 2022 Budgets are.. Throw in the energy card and we have some serious on goings. I like what we are seeing.. ~ MM

For his part, a source in the "Save a Homeland" coalition told Shafaq News Agency, "The law of emergency support for food security will be passed and all members of Parliament will vote on it, and it will find its way to implementation without interfering with any party, as it is concerned with securing food in addition to supporting energy fields and service and development projects."

The source, who asked not to be named, added that "after the law is passed, a breakthrough will occur in the entire political scene, including accelerating the process of forming the government, since the implementation of the details of the food security law will positively affect all areas that affect the citizen (the ration card in its entirety, 11 articles, electricity, fuel)

~~~~~~~~~~

Samson:  Parliamentary: We must go to the option of dissolving the House of Representatives in this case

1st June, 2022

MP from the State of Law coalition, Alia Nassif, said on Wednesday that if the election of the president of the republic and the formation of the government are not completed, "we must go to the option of dissolving parliament."

Nassif added in an interview with the official "Al-Sabah" newspaper, which was followed by "Mawazine News", that "the continuation of the current situation means the continuation of the caretaker government, deficient in powers restricted and governed by the decision of the Federal Court and an internal system, and criticizing any action it takes, so if this obstruction remains, let us go to dissolution of Parliament.

And she continued, "There is a call before the Federal Court to challenge the legitimacy of the House of Representatives and call for its dissolution because it violated the decisions of the Federal Court or that it was unable to complete the vote on the President of the Republic in order to end the government's work and choose a new government."   LINK

Zeeman:  this post imo says a lot in the direction where things are heading. its been 8 months and they still cannot decide after the election? to me this means neither side wants to compromise and as a result the citizens are getting shafted and at this rate violent protests will occur, one more thing the  food law had 2 readings and one more meeting is all that is needed and if and  when it is passed the state of law has said it will protest to the fed court and for some strange reason they have been ruling in favor of iran/ malaki i wonder why. in the last days there have been many good and thought  out articles to give hopium but remember this is iraq imo

Samson:  A New Political Proposal To Hold A Popular Referendum On The Dissolution Of Parliament

1st June, 2022

The prominent Iraqi politician Nadim Al-Jabri confirmed, on Wednesday, the possibility of the Federal Supreme Court resorting to a popular referendum to dissolve the House of Representatives, indicating that this step will depend on the court’s interpretation that the people are the source of all authorities and have the right to self-determination.

Al-Jabri said in a statement to "The Information", that "the invitations made by some parties to the Federal Supreme Court to dissolve the House of Representatives are obligatory, and the results will be announced soon."

He added, "The court may reject these demands due to its lack of direct jurisdiction in the decision to dissolve the House of Representatives, which is the largest and most important legislative authority in the country, or to go to the popular path."

Al-Jabri explained, “The interpretation of the constitution indicates that the people are the source of powers, and the court may interpret that paragraph and call for a popular referendum to decide the fate of Parliament and the people’s representatives across the same street.”   LINK

~~~~~~~~~~~~~

Samson:  PUK: Solving the crisis through understandings

06/01/2022 19:41:48

 The representative of the Patriotic Union of Kurdistan, Briar Rashid, confirmed today, Wednesday, that the solution to the crisis is always through political understandings.

Rashid told Al-Furat News that: "It is possible that there will be a political breakthrough soon, and the solution to the crisis will be through political understandings."

"It is not possible to keep the situation as it is because this blockage has stopped all matters, including approving a budget, investments and vital projects," he added.   LINK

Tivon and KTFA Members "This is What We Came For" 5-31-2022

KTFA:

TIVON:  Sayyyy whatttttttttttt now? Are you seeing this people? This is what we came for. What's going on tonight with you all. Look at this article. Can you say shots fired? They plan on emptying the budget? Somebody is about to turn over some tables and throw some chairs.    IMO

Clare:  Rights movement: The food security law aims to empty the government budget

05/31/2022

The rights movement confirmed that the adoption of the emergency food security support law aims to empty the government budget of the surplus.

The movement's spokesman, Ali Fadlallah, said; For the program {Al-Mastra}, broadcast by Al-Furat satellite channel tonight, that: "The government deals with the people in the manner of a corrupt doctor, and if the Iraqi parliament is really interested in the citizen, there is a financial management law that is an opportunity."  

He added, "The caretaker government has the right to dispose of the surplus of the 2021 budget, amounting to 14 billion dollars, which is supposed to be used to raise the value of the dinar and increase the balance of hard currency."

Fadlallah indicated, "The purpose of approving this law came to empty the government's budget of the financial surplus, and there will be 10 trillion dinars internal and external borrowing." 

 He recalled by saying, "We warned in advance of the repercussions of the war in Ukraine, and the government did not move a finger, and Iraq is on the verge of deliberately cutting off electric power due to the failure to agree on forming a government." 

He added, "There is a large looting of Iraq's money, and the caretaker government does not have the ability to reject and approve laws, and the emergency support law did not mention the central and southern provinces."

And Fadlallah said, "The law, in principle, is incorrect, and the height of the crime is the failure to allocate funds for it to the central and southern governorates."  

He stressed "the importance of putting the weight of the law on food and water and promoting the food security industry."

The head of the National Forces Alliance bloc, Faleh Al-Sari, called on the House of Representatives to legalize the proposed law on emergency support for food security and development.

Al-Sari said in his intervention in today’s parliament session, if necessities must allow prohibitions, the proposed law must be codified and refined, and its main and primary goal is the problem that the citizen and the world suffers from, which is food, medicine and electricity.

He added, as for the proposed law to branch out and move forward with other directions, activities and ministries, it will expose the House of Representatives to criticism and that it did not proceed with laws and legislation while it is under oath to respect laws and legislation, calling on the Presidency of the House of Representatives to take into account the observations it raised.

The House of Representatives had completed in its session today, Tuesday, the second reading of the proposed law on emergency support for food security and development.   LINK

Iobey777:  I think Tivon is correct!! This is a HUGE warning and slap in the face towards those who have been holding this up!! Go Get 'em Kazemi and whoever else can make this happen!! Time is fast running out!!

Some "World News" Posted by Samson at KTFA Tuesday PM 5-31-2022

KTFA:

Samsom:  The European Union removes the largest Russian bank from the "SWIFT" system

31st May, 2022

The 27 countries of the European Union agreed, during a summit in Brussels, to exclude "Sberbank", the largest bank in Russia, from the SWIFT system for international money transfers.

This comes within the framework of the sixth package of European sanctions against Moscow over the "attack" on Ukraine.

"This package of sanctions includes tough measures such as excluding Sberbank, Russia's largest bank, from Swift," said European Council President Charles Michel.

Sberbank is the largest bank in Russia, as it controls about a third of the country's banking sector. LINK

Samson:  Russia's Sberbank declares that it is "operating normally" and that its exclusion from the "SWIFT" system has a limited impact

31st May, 2022

Russia's Sberbank confirmed, on Tuesday, that its exclusion from the SWIFT system for international money transfers, based on the European Union's decision, will have a limited impact.

"We are operating normally - the main restrictions are already in place," said the bank, which has previously been targeted by US and British sanctions. He added that "the exclusion from the SWIFT system does not change anything in the situation with regard to international payments." He stressed that "the internal operations in Russia do not depend on SWIFT, and the bank will implement them normally."

The United States imposed strict restrictions on Sberbank; In early April, it froze all of his assets “associated with the US financial system” and prevented him from conducting transactions with US actors. The United Kingdom also froze the assets of Russia's largest bank.

On Monday evening, the 27 member states of the European Union reached an agreement on a sixth package of sanctions against Russia due to its operation in Ukraine, which includes reducing its imports of Russian oil by 90% by the end of this year, adding 60 additional individuals to the European blacklist, and excluding Three Russian banks are part of the SWIFT system for international money transfers, including Sberbank.

The "Swift" system is considered one of the largest financial and banking messaging networks, and it allows the transit of payment requests between banks, requests to transfer bank customers' funds, requests to buy and sell securities, and others. Sberbank is the heir to the savings banks from the tsarist era, and almost all Russians have an account in it.  LINK

***************

Samson:  Russian Central Bank: All countries of the world will rethink the risks of the dollar and the euro

31st May, 2022

The Russian Central Bank reported that the West's precedent of freezing part of Russia's international reserves will prompt other countries to rethink the risks of placing their reserves in dollars and euros.

The Russian Central said that “the precedent of freezing the gold and foreign exchange reserves of the Bank of Russia (the Central Bank of Russia) will lead to the fact that the central banks of the world will rethink the risks of placing their reserves in US dollars and the euro. It is possible to expect an increase in the demand for gold and a decrease in the role of the dollar and the euro as reserve assets.”

After Moscow launched a special military operation in Ukraine, Western countries imposed sanctions on Russia, affecting companies, individuals and economic sectors, and within the framework of the sanctions, Russia's international reserves estimated at $300 billion were frozen.

Earlier, Russian President Vladimir Putin warned Western countries against confiscating Russian property abroad, and said that "stealing other people's property never leads to good."

“Violation of rules and norms in the field of international finance and trade does not lead to anything good,” Putin said. In simple words stealing other people's property has never done good to anyone, especially those who are involved in this unseemly act.”  LINK

Samson:  Get ready for reverse currency wars

31st May, 2022

Over the past year, the US dollar has appreciated against the euro by 12%, and at 0.93 to the euro, it is close to parity. If oil and other dollar-denominated commodity prices look high now, they look even higher in euros. 

With the value of the US currency rising, and inflation in many countries at levels not seen in decades, we may now be entering so-called “reverse currency wars” – where countries compete to enhance the value of their currencies against foreign currencies.

Originally, the term “currency wars” was a decorative description of what international economists have long called “competitive devaluations” or, after floating exchange rates began in the early 1970s, “competitive depreciations.” 

In these situations, countries feel aggrieved that their trading partners deliberately pursue policies aimed at weakening their currencies in order to gain an unfair advantage in international trade. 

Competitive devaluation may arise when all countries' major macroeconomic objectives, in addition to maximizing GDP growth and employment, include improving their trade balances. This generally describes the last few decades in the global economy.

On the other hand, reverse currency wars involve competitive currency appreciation. Here, countries imagine that their trading partners are deliberately trying to strengthen their currencies in order to rein in inflation. This could describe the period that began in 2021, when inflation returned to pose a severe problem in most countries.

In either case, it is impossible for all countries to pursue such strategies, because it is not possible to move exchange rates in the same direction simultaneously. Competitive devaluation or valuation is often seen as evidence of a lack of international cooperation to stabilize exchange rates, which sometimes causes calls for a new Bretton Woods-style arrangement for greater policy coordination.

The United States has often been quick to claim that other countries' currencies are unfairly undervalued. Since 1988, Congress has required the Treasury to submit semi-annual reports on whether America's major trading partners are manipulating their currencies. China and other Asian countries are the most common targets. But Switzerland, too, has always been in doubt, even though the Swiss franc can easily be considered the most expensive major currency by other standards.

In February 2013, the US Treasury took charge of a micro-form of the Bretton Woods agreement under which the G7 countries would refrain from taking any steps to devalue their currencies. In fact, the 2013 agreement is unknown to many, but it worked. Over the last decade, the G7 member states have not intervened to sell their currencies in the foreign exchange market.

As for China, which is not a member of the Group of Seven, it intervenes in the currency market. But since 2014, it has been doing so to slow, not encourage, the renminbi's depreciation.

The phrase “currency war” was coined in 2010 by Brazilian leaders to protest the monetary policies of the United States, Japan, and other countries. They did not accuse the US Federal Reserve or the Bank of Japan of openly devaluing the dollar or the yen, or interfering in the foreign exchange market to push the two currencies down, but rather of adopting excessively accommodative monetary policies. 

Brazilian policymakers claimed that their American and Japanese counterparts cut interest rates to zero and then made matters worse by introducing quantitative easing, deliberately devaluing the dollar and the yen, thereby boosting net exports, and exporting unemployment to their trading partners.

Similarly, no one today is accusing the US authorities of using foreign exchange intervention to raise the value of the dollar. Rather, the complaint revolves around the fact that the current interest-rate increases by the Federal Reserve are attracting capital inflows to the US and strengthening the US currency, leading to higher international interest rates and thus keeping global growth below its potential.

Fears of competitive devaluation are not without historical precedents, most notably in the 1930s, when major powers devalued their currencies against gold and thus against each other. But is there also precedent for competitive valuation?

Some observers have claimed that the early 1980s provided just such antecedents. When the Federal Reserve, led by Paul Volcker, decided to raise interest rates sharply to combat inflation, he knew that the appreciation of the dollar would help him in this task. But the corresponding depreciation of the currencies of US trading partners exacerbated their inflation rates and forced them to raise interest rates as well.

The most likely victims of today's euro appreciation are not the other big rich countries, but the emerging and developing economies. Many of them have large dollar-denominated debt, which has been exacerbated by the fiscal spending required to combat the COVID-19 pandemic. When the value of the dollar rises, the costs of debt servicing in local currencies increase. The combination of rising global interest rates and a stronger dollar could trigger debt crises, as happened in Mexico in 1982 and 1994.

But not all fears of competitive currency appreciation are justified or worth reforming the international currency system. Unlike most central banks, the Bank of Japan maintained a very loose monetary policy throughout the past year, continuing its long-running campaign to increase growth and inflation. So, while the Federal Reserve is raising interest rates in an attempt to slow the rate hike in the US, Japanese interest rates are still zero or less. As we expected, the widening interest rate differential has caused the yen to depreciate by about 15% against the dollar over the past year.

On the whole, such a large change in the exchange rate of the dollar against the yen is not a real problem. It pushed prices up in Japan while putting pressure on inflation in the United States. This is what both countries have been striving to achieve. Floating currencies allow each country to pursue monetary policy that suits its own circumstances.

But with high global inflation likely to persist for some time, the odds of counter-currency wars rise. Instead of racing to the bottom in the foreign-exchange market, we may see a rush to the top – and the poorest countries are likely to suffer the most in the process.   LINK

****************

Samson:  Oil continues to rise, recording 123 dollars a barrel

31st May, 2022

Crude oil prices rose today, Tuesday, after the European Union agreed to reduce oil imports from Russia by the end of 2022.

The decision raised supply fears amid increased demand ahead of the peak summer driving season in the United States and Europe.

Brent crude futures for July were at $1.45 to $123.20 a barrel at 04:40 GMT. US West Texas Intermediate (WTI) crude futures were trading at $118.49 a barrel, up $3.42 from Friday's close. LINK

Tivon and KTFA Members on the "Emergency Food Security Law " 5-31-2022

KTFA::

TIVON:  Listening to the call (Monday Night KTFA CC) I presume given that both the Food Security Law & The 2022 Budget Law share a rate that can be allocated to areas of projects and investments by tapping into the savings/reserves once the F.S.L. is voted on can utilize or disseminate the Ration Cards among the citizens. As both are considered by Mazhar legitimate legislation. 

And they the citizens can receive "Purchasing Power" prior to the government being seated since it was stated it (FSL) can hold them over until the 2022 Budget is open.

 If I am correct in that assessment I anticipate that a final vote of the F.S.L. will be the catalyst to reinstate the exchange rate even before the formation of the government is what I take from the information as of late.

Tivon Cont….Why? Because a parliament member commented on why they were willing to forego the 2022 Budget temporarily all together if they pass the F.S.L. so the citizens can afford basic necessities while they figure out who will be a part of the government.

So with that said I personally expect that a rare should be revealed shortly after the session tomorrow when they pass the F.S.L.. If anyone disagrees please tell me what's your perspective on this topic. Because aren't they using the surplus from oil to finance both Food Security & The 2022 Budget?

I remember the three main areas were...
Food Security
Poor Classes
Investment Projects

So with that said and how tomorrow will shape up could be two separate events that collide or conjoin concurrently in unison one action towards releasing a new exchange rate once the 2nd/3rd Reading is done on the F.S.L..

This is what gives it it's excitement and anticipation as to the results of the session tomorrow. They found a way to work around the political blockage that Al-Zamili stated was not causing obstruction to get things done in a legislative manner that brought us to where we are now.

I do not see how this week is shaping up to slow down anything forthcoming in regards to the entitlements the citizens have waited for long enough. IMO  

~~~~~~~~~~~~

Samson:  Finance Committee: The proposal for the emergency support law will be passed by a majority

30th May, 2022

Monday, the Parliamentary Finance Committee confirmed that the emergency support law will be passed a week after the second reading, while noting that the Ministry of Health requested the allocation of 1.3 trillion dinars to its budget within the law.

A member of the committee, Sattar al-Atabi, said, "The committee hosted stakeholders regarding the proposal for the emergency support law," noting that "the members of the committee are determined to discuss the provisions of the law until it is properly matured." He added, "We are trying to pass the law within a ceiling of 25 trillion dinars," noting that "there are no obstacles or impediments regarding the law."

He continued, "The Ministry of Health requested the allocation of 1.3 trillion dinars to its budget within the emergency support law," noting that "the law will be presented tomorrow for the second reading and will be voted on a week after the completion of the second reading."

And he indicated that "the law will be passed by a majority of two-thirds of the members of the House of Representatives," warning "some political parties against putting the law into the political conflict."

LINK

TIVON:  The Ministry of Health requested the allocation of 1.3 trillion dinars to its budget within the law. Very key statement made here as you look back on the multiple articles stating Food Security Law & 2022 Budget are synonymous.

 The request should imply that the allocations will also go towards the Ration Cards as well which is VISA/Master Card which would require a rate if citizens are looking to afford food, products, and services due to the high prices if I am not wrong on the assessment given that all of this will come from the Oil surplus?

 But do they have to release the exchange rate to utilize that surplus is the primary question I hope can be answered soon now that it is a week out from passing.

Because after all isn't this "The Big Cheese" in terms of funds avaliable within the law? What investment projects in Iraq that will generate income? If so shouldn't this income come with "Purchasing Power"?

Aren't certain members of the government looking to pass laws without the formation of the government? Would the Food Security Law qualify? If so why not the 2022 Budget which Al-Kazemi could have legal grounds to pass if granted the authority. Oil & Gas Law should also go down the same route.    IMO

Samson:  Parliamentary Finance announces the allocation of 10 trillion dinars for the development of the regions within the emergency support

31st May, 2022

Today, Tuesday, the Parliamentary Finance Committee announced the allocation of 10 trillion dinars for the development of the regions within the law of emergency support for food security and development

Committee member Ikhlas al-Dulaimi told the Iraqi News Agency (INA): "The committee hosted the committees of the regions and the migration and the displaced to find out the needs of the provinces, regions and the displaced," noting that "the emergency food security support law allocated 10 trillion dinars for the development of the regions, except for the petrodollar

She added that "the law did not allocate any funds to immigration and the displaced," stressing the need to "find financial allocations to the displaced within the emergency support law because the camps suffer from major problems

And she added, "The law can change completely or some of its parts after the second reading, and there are observations made by committees and specialists," explaining that the law is preliminary and will be discussed and amended during the upcoming sessions 

~~~~~~~~~~~~~ 

TIVON

1.) Will the "Food Security Law" create "Purchasing Power" for citizens?

2.) Will the rate change occur once the F.S.L. is voted on and passed?

3.) Do we have to wait for the Oil & Gas Law to see a new exchange rate?

4.) Do we have to wait until the 2022 Budget is open to see the reinstatement of the Dinar?

5.) Do we have to wait for the formation of the GOI in order to see the release of the new small category notes?

6.) Do we have to wait until the ATM machines are set up locally/Internationally in order to see the rate on the Forex Market?

7.) Is Iraq waiting for the Gold Standard so they can peg the Dinar to precious metals? 

These are the lingering questions that some ponder about in the midst of all of the political jargon as we march towards another month without none of the above occurring thus far. How close are we really?  The summer is now upon us as the saga of the Iraqi Dinar continues. What will be in store for us this coming June?    IMO

~~~~~~~~~~

GodLover:  I will try to answer these questions imo

1) No imo. The FSL was created to be used to give their citizens immediate relief until the 2022 budget is passed & opened. The FSL is synonymous (similar) to the 2022 budget, because it has a budget of it's own. As well, the FSL has money set aside from oil rise surplus to fund the FSL. I think the FSL is good for the citizens in the short term, but it takes away from the 2022 budget.
2) Again, no, I don't think that is realistic.
3) I would hope the oil & gas law gets worked out in time prior to the 2022 budget opening. As far as it being required prior to a rate change, it would certainly be beneficial to their citizens.
4) Yes imo. The FSL & the 2022 budget are separate animals, but are similar (synonymous) because they both have a budget.
5) Certainly a new GOI is needed imo. Or for the current to be given full authority. As far as the NSCN's, I would think they would be released simultaneously with the MR or shortly after. Prior to the monetary reforms release would be pointless.
6) Honestly, I would think the ATM's would not be an issue
7) As I have said before, when Iraq is ready.....it will happen. 

~~~~~~~~~~~

TIVON:  I couldn't post my last few questions as this last one is the wildcard given it hasn't been defined as a priority just yet. And that is the "Citizens Entitlements".

 What falls under this? Because this is also apart of the Food Security Law. Is it the Oil & Gas? Purchasing Power? Because this puts all those other questions in perspective. The final vote is a week out. What will they add to the law that will warrant a rate change that is conducive to the entitlements the citizens are seeking?

They stated that  The House of Representatives assessed the criticality of the financial situation and the need to provide the necessary funding to address basic expenses and aspects that directly affect the livelihood of the citizen and the food basket, support for strategic storage and the poor classes, in addition to paying the dues of farmers and farmers in order to support the local product and reduce dependence.

What would this require if they are speaking on the livelihood of the citizens? What is the one thing that can produce a daily advance towards a stable life for an Iraqi? The Oil & Gas Law right? Well if that is a yes this would fall under the Food Security Law.

Didn't they state they are trying to pass laws without a formation of government? Because at this point the formation of a government is a formality and not a requirement. Because some in parliament and the House of Representatives do not see it as a priority to get things done on behalf of the citizens.

The Finance Committee is looking to revitalize the entire economy with the FSL. How can they begin to do this without a 2022 Budget? Someone seems intent on using the FSL to accomplish many things. Including a rate change.  IMO.

~~~~~~~~~~~

Samson:  Deputy: We are studying passing laws without waiting for the formation of the government

31st May, 2022

A member of the "Save the Homeland" coalition, MP Ahmed Mazhar al-Jubouri, said on Tuesday that alliances are still suspended and dialogues are "frozen", and there is nothing new in light of the political blockage.

Al-Jubouri added in an interview with the official "Al-Sabah" newspaper, which was followed by Mawazine News, "In parliament, we have started studying options for passing laws without waiting for the formation of the government."

He explained, "If the problem is to dissolve parliament, we are ready for the constitutional text, and the parliament must dissolve itself, and thus represent the will of the Iraqis, and when there are real popular demands, we are ready to go in this direction."

Al-Jubouri indicated that "the Alliance to Save a Homeland was determined from the first moment to achieve a national project that differs from the old projects, or to start an initiative that there would be a majority government plus a constructive national opposition, not a destructive one."

He continued, "Therefore, if the Alliance to Save a Homeland is on one side, it is not a problem, because it aspires to be a political project and not an electoral project for the president of the republic or the formation of the government."  LINK

TIVON:  Could they be referring to the "Oil & Gas Law"? Hmmmmmm. Because I am positive you will have antagonist forces stiff arming this movement to get the HCL going. Hopefully this is not another fight we have to sit through as we wait out a week for the Food Security Law to pass.  IMO

KTFA Monday Night CC "Color My World International" 5-30-2022

KTFA

Monday Night KTFA CC:

Frank26:  5-30-22…….. COLOR MY WORLD INTERNATIONAL

This video is in Frank’s and his team’s opinion only

Special Report From Eddie Tonight

Frank’s team is Walkingstick, Petra, MilitiaMan and Eddie in Iraq

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=lPBbj4UmznM

MilitiaMan and KTFA Members "News and Veiws" Monday Eveining 5-30-2022

KTFA:

Clare: : The Iraqi parliament includes the emergency support law on the agenda of the Tuesday session

2022-05-30

The Iraqi parliament has included the discussion of the emergency food security support law on the agenda for tomorrow's session.

According to the one-paragraph agenda; That the Finance Committee will report and members of Parliament discuss the emergency support law.

On May 28, the leader of the Sadrist movement, Muqtada al-Sadr, called on the Iraqi parliament to expedite the vote on the emergency food security support law, stressing that the vote should be kept away from "partisan, sectarian and nationalist bids." LINK  

MilitiaMan:  Sadr up to the plate to make sure there is expediency.. Fresh in their faces tonight.. I like it.. The vote is in the table and he wants it done..~ MM

MilitiaMan:  The Industrial Bank needs a new financial allocation within the budget to open new branches.. If / when it is approved..? (See article below)  What is that financial allocation they speak of?

 I suppose at this juncture since they speak of the budget and I'll suppose they are talking about the 2022 Budget Law, we can presume that it is about a new exchange rate within that budget.

Since the emergency food law is slated along with the 2022 Budget in the short term and them being synonymous to each other, they to, are awaiting to be exposed. Fascinating how this is coming together now.. imo ~ MM 

Samson:  A government bank announces an increase in the industrial growth rate due to the rise in the price of the dollar

29th May, 2022

The Industrial Bank revealed, today, Sunday, an increase in the rate of industrial growth in the country due to the high exchange rates of the dollar, while stressing that the opening of new branches in the provinces needs a financial allocation within the budget.

The Director of the Bank, Bilal Sabah Al-Hamdani, said, “The Central Bank’s initiative is excellent for medium and large projects, and its duration is 15 years, and the average interest is 2%, and for large projects 3,” noting that “we have started working on the initiative, but Iraq needs thousands of factories and we are trying to provide loans.” hundreds of factories.

He pointed out that "the Industrial Bank is self-financing and has capital to lend to customers, but there is an increase in the size of the national industry and the demand significantly," noting that "the previous years, the request for loans came for projects under establishment and new, with limits of 100-150, and currently the demand reaches thousands, and this because of the exchange rate change, which led to the importer being expensive and the local product being cheaper than the importer, which made businessmen, traders and importers think about setting up factories inside Iraq.

He added, "The bank has detection committees before and after granting the loan and we give documentary credits that we import to the production line or if they are raw materials and in construction loans, it is done according to the stages of construction and completion," noting that "the delay in payment is usually from the owner of the plant and some of them are due to regional issues."

Like the edible oil factory that used to import the raw material from Ukraine, and today the import has been stopped, and the factory is resorting to other countries where the raw materials are more expensive, and this is beyond our control, and there is also mismanagement, but we in the bank are in control of the issue.”

He added, "Most of the factories began to rise at the rate of growth for industry, but the average number of factories is few and we need thousands of factories. We are now in the process of establishing hundreds only. With time, and if the budget is approved and an amount is allocated to the bank, some branches can be opened in some provinces because it does not have branches in all provinces." And this is one of the suffering,” explaining that “the Industrial Bank owns branches in Baghdad, Karbala, Babylon and Basra only, and the opening of new branches that need allocations and sums of money within the budget.”   LINK

 ~~~~~~~~~~~~~

Jerry1971:  THANKS MM FOR YOUR CONTINUING GREAT ANALYSIS ON THE STUDY OF THE IQD

THE FSL AND NOW EVEN THE BUDGET OF 2022 ARE HOT TOPICS ON THE AGENDA IN THE IRAQI PARLIAMENT …IT CAN POSSIBLY GO BOTH WAYS THE FSL AND BUDGET OR ONE WAY MEANS THE FSL GETS VOTED UPON AFTER THE 2ND AND 3RD READING

THAT WILL HOPEFULLY TRIGGER OFF THE NEW EXCHANGE RATE FOR THE IRAQI DINAR FOR THE CITIZENS AND WE DINIARIANS THIS WHOLE SENARIO IS LOOKING FANTASTIC. 

TIME IS RUNNING OUT FOR THESE IRAQI POLITICIANS TO DO SOME THING SOONER THAN LATER FOR THEIR CITIZENS

MilitiaMan:  There is definitely a push to get the reforms done.. The articles all show it to be the case and the world having been involved through the World Bank, IMF, AMF, UST, etc., is and or was the catalyst to push the politic side into high gear or the consequences may have been very dire.

The CBI has not come this far, nor has the infrastructure with the e-government, e-payment and settle systems, automation of the ports and borders for taxation, digital transformation for interconnectivity not only regionally but internationally... Lets see what the days bring us,

 I know today there are many articles that have data that is integral to our study.. imo ~ MM

~~~~~~~~~~~

Samson:  Economist: Iraq Is Able To Revive Its Economy Through A New Road Map

30th May, 2022

The economic expert Wissam Al-Tamimi confirmed that Iraq possesses large areas that can be exploited and prepare a new road map to make it a corridor for goods coming from other countries towards the rest of the world, whether in Asia or Europe, to achieve a great economic return for each shipment entering Iraq.

Al-Tamimi told Al-Maalouma, "Iraq has a good road network, but it is no longer adequate, as Baghdad needs the fourth ring road to create more than 5 new residential areas, as its revival will eliminate a large percentage of the housing crisis, in addition to the fact that the road It can be exploited to rid Baghdad of the traffic congestion of large load wheels, in addition to the possibility of establishing factories, rest stations and commercial buildings on the side to achieve a good economic return for the state and the citizen.

He added that "Iraq urgently needs a new international road linking the north with the south, center and west to make it a corridor for goods coming across the sea towards Turkey, Syria, Jordan and the rest of the European countries, and it is possible to put up such projects for investment or it can be paid through oil."

Al-Tamimi explained, "There are a lot of ingredients and qualifications to make Iraq an economic gateway linking Asia with countries to Europe and the rest of the countries, where it is possible to invest the financial abundance to come with giant companies that establish a new road network that will enter the state with great resources and be an opportunity to eliminate unemployment and the housing crisis, and make the country one of the most important countries Industrial Arabic.   

MilitiaMan:  They are clearly telling us they are opening up to the international world. The infrastructure build out will require it and they know. Once the new exchange rate or financial allocation is put in to motion, the floor gates of growth will ensue..

The borders are automated and ready imo, the CBI has had a good report from the IMF and World Bank. Their Credit Rating is about imo to increase again. All tell tale signs of what is to come.. imo.. ~ MM

They are obviously show casing their new wings to fly into the international business realm... They know they have the massive resources to link the globe with the road map in place.  Financial Abundance is going to change the playing field.. We all can appreciate that. Just as giant companies will. imo ~ MM

Samson:  Al-Jabri informs the religious references in Najaf about the file of food security and high prices globally and locally

05/30/2022 11:53:33

The Undersecretary of the Ministry of Commerce, Sattar Al-Jabri, visited Najaf Governorate and met with religious references, Grand Ayatollah Sheikh Muhammad Ishaq Al-Fayyad and Grand Ayatollah Sheikh Bashir Al-Najafi at their residence.

Al-Jabri said in a statement that Al-Furat News Agency received a copy of, that "the visit comes to emphasize the main role of the religious authority in society and the need to inform it of the important files that pertain to the people, including the file of food security and the ration quota for the purpose of evaluating default and working with transparency, as well as discussing the repercussions of the war." The Russian-Ukrainian and its cause of high prices globally, including prices in Iraq." 

The Undersecretary of the Ministry of Commerce indicated that he "discussed with religious references the most important challenges facing the country in the current period and the need to close ranks and end the political problems that stand in the way of providing the ministries' needs and obstructing work and providing services to citizens."

Al-Jabri indicated that "the meeting also witnessed an explanation of the ministry's work and a discussion of the general situation in the country and issues related to the commercial sector, stressing the importance of expediting the approval of the budget to meet the needs of citizens and provide strategic food stocks."   LINK

 MilitiaMan:  Again there is a focus on the importance of the 2022 Budget to meet the needs of the Citizens. We know by the CBI financial records they have already printed currency to work with the new exchange rate. imo. ~ MM

~~~~~~~~~~~~

Samson:  A government bank announces an increase in the industrial growth rate due to the rise in the price of the dollar

29th May, 2022

The Industrial Bank revealed, today, Sunday, an increase in the rate of industrial growth in the country due to the high exchange rates of the dollar, while stressing that the opening of new branches in the provinces needs a financial allocation within the budget.

The Director of the Bank, Bilal Sabah Al-Hamdani, said, “The Central Bank’s initiative is excellent for medium and large projects, and its duration is 15 years, and the average interest is 2%, and for large projects 3,” noting that “we have started working on the initiative, but Iraq needs thousands of factories and we are trying to provide loans.” hundreds of factories.

He pointed out that "the Industrial Bank is self-financing and has capital to lend to customers, but there is an increase in the size of the national industry and the demand significantly," noting that "the previous years, the request for loans came for projects under establishment and new, with limits of 100-150, and currently the demand reaches thousands, and this because of the exchange rate change, which led to the importer being expensive and the local product being cheaper than the importer, which made businessmen, traders and importers think about setting up factories inside Iraq.

He added, "The bank has detection committees before and after granting the loan and we give documentary credits that we import to the production line or if they are raw materials and in construction loans, it is done according to the stages of construction and completion," noting that "the delay in payment is usually from the owner of the plant and some of them are due to regional issues."

Like the edible oil factory that used to import the raw material from Ukraine, and today the import has been stopped, and the factory is resorting to other countries where the raw materials are more expensive, and this is beyond our control, and there is also mismanagement, but we in the bank are in control of the issue.”

He added, "Most of the factories began to rise at the rate of growth for industry, but the average number of factories is few and we need thousands of factories. We are now in the process of establishing hundreds only.

 With time, and if the budget is approved and an amount is allocated to the bank, some branches can be opened in some provinces because it does not have branches in all provinces." And this is one of the suffering,” explaining that “the Industrial Bank owns branches in Baghdad, Karbala, Babylon and Basra only, and the opening of new branches that need allocations and sums of money within the budget.”  LINK 

MilitiaMan:  The Industrial Bank needs a new financial allocation within the budget to open new branches.. If / when it is approved..? What is that financial allocation they speak of? I suppose at this juncture since they speak of the budget and I'll suppose they are talking about the 2022 Budget Law, we can presume that it is about a new exchange rate within that budget. Since the emergency food law is slated along with the 2022 Budget in the short term and them being synonymous to each other, they to, are awaiting to be exposed. Fascinating how this is coming together now.. imo ~ MM 

~~~~~~~~~~~~

Samson:  Parliamentary legal intends to enact the most important law regulating the relationship between the center and the region..there are no problems after it

29th May, 2022

The Parliamentary Legal Committee announced today, Sunday, its intention to legislate a number of important laws that are intended to strengthen the work of the next government, noting that among them the oil and gas law.

Committee member Aref Al-Hamami said in an interview with (Baghdad Today), that "there are bills that have been on the shelves of Parliament for years, and therefore it has become necessary to pass them and reformulate them."

He added that "the Federal Oil and Gas Law is the most important draft of laws that we intend to pass to regulate the oil relationship between the center and the region."   LINK

MilitiaMan:  The timing of this is by no coincidence. It has been needed for this at the end game. It is the most important draft law that has been on the shelves for many years already, therefore, when they have the seated government or the work around in place it too will be needing the new exchange rate applied, imo.. We can see now that the push for Iraq to take care of their citizens not only by passing the emergency security food law and the 2022 budget law, they will legislate the FOGL... A game changer for the future security of their food. They'll have income in perpetuity to make sure of it.. imo.. Likely this is slated to be timed accordingly. imo This looks great.. ~ MM.

Al-Rasheed Bank of Iraq outside international sanctions after 30 years  LINK

MilitiaMan:  The bank will enjoy the confidence of the global system and international financial markets, specifically  by collection credit lines for foreign trade. They are not going to be doing that with a program rate. The lifting sanctions on the bank is to allow interconnectivity to important countries that are centers of international banking and related financial transactions. Then add in the likes of VISA dealing with the CBI. We are watching the convergence of a country in renaissance.. IT is going to be an amazing event to be apart of, even if from the outside looking in.. ~ MM

~~~~~~~~~~

Samson:  Al-Sahlani: The Coming Days Will Witness A Breakthrough In The Political Crisis

30th May, 2022
The former representative of the Al-Fateh Alliance, Walid Al-Sahlani, confirmed that the coming days will witness a breakthrough to the current political crisis, pointing out that the framework initiatives, international pressures, resolving the situation from some parties of the Triple Alliance, and the Kurdish dialogues all lead to détente.

Al-Sahlani told Al-Maalouma, "The coordination framework launched many initiatives in order to solve the political blockage, especially since the political process cannot be saved in this way and therefore does not serve the interest of the people and affects the country in general." He added that "the caretaker government is tied and cannot achieve any economic renaissance for the country, and therefore it has become imperative to end the current crisis, which prompted the coordination framework to present initiatives to resolve the political blockage."

And he indicated that "the current real problem lies in naming the largest bloc between the coordination framework and the Sadrist movement, or by the tripartite alliance that the Sadrist movement calls for," noting that "there is international pressure to resolve the current situation, and this began with the Kurdish dialogue to end the crisis." He pointed out that "there is a solution to the crisis on the part of the tripartite alliance, and it is likely that the next few days will witness a breakthrough in the political crisis."   

MilitiaMan:  Just like we talked about lately. We knew there were meetings on this weeks ago. The international pressures have been applied and it looks as the effects are starting to show. I have not seen Sadr move the line in the sand of Maliki having anything to do with the government. I would not be surprised that the PM in Iran had words on the matter. There comes a time were things need to be done for the larger picture. Maliki's portion of the canvas may have been framed out.. We shall see. Imo ~ MM

MilitiaMan and Tivon "This is a Big Deal" Monday PM 5-30-2022

KTFA:

Samson:  Al-Jabri informs the religious references in Najaf about the file of food security and high prices globally and locally

05/30/2022 11:53:33

The Undersecretary of the Ministry of Commerce, Sattar Al-Jabri, visited Najaf Governorate and met with religious references, Grand Ayatollah Sheikh Muhammad Ishaq Al-Fayyad and Grand Ayatollah Sheikh Bashir Al-Najafi at their residence.

Al-Jabri said in a statement that Al-Furat News Agency received a copy of, that "the visit comes to emphasize the main role of the religious authority in society and the need to inform it of the important files that pertain to the people, including the file of food security and the ration quota for the purpose of evaluating default and working with transparency, as well as discussing the repercussions of the war." The Russian-Ukrainian and its cause of high prices globally, including prices in Iraq." 

The Undersecretary of the Ministry of Commerce indicated that he "discussed with religious references the most important challenges facing the country in the current period and the need to close ranks and end the political problems that stand in the way of providing the ministries' needs and obstructing work and providing services to citizens."

Al-Jabri indicated that "the meeting also witnessed an explanation of the ministry's work and a discussion of the general situation in the country and issues related to the commercial sector, stressing the importance of expediting the approval of the budget to meet the needs of citizens and provide strategic food stocks."

~~~~~~~~~~~~~

MilitiaMan:  Again there is a focus on the importance of the 2022 Budget to meet the needs of the Citizens. We know by the CBI financial records they have already printed currency to work with the new exchange rate. imo. ~ MM

~~~~~~~~~~~~

TIVON:  This article is a banger for several reasons. One major one coming from an advisor from Al-Kazemi when he mentioned that the two legislative laws that have a right to use the savings/reserves was the Food Security Law & 2022 Budget Law.

 On top of that he also stated that the rise in Iraq's hard currency reserves will increase confidence in the Iraqi dinar and will increase its stability," stressing that "the Iraqi dinar is approaching "Full Coverage" 😀 of hard currency reserves in light of the current exchange rate." Do you know how heavy this statement is? I wonder why no one has commented on this revelation.

Listen, especially to this one particular gentleman Al-Zamili working on behalf of the citizens and not partisan self serving oligarchs when he officially stated that work in the legislative body continues without any disruption regardless of what is going on with the political impasse.

They are still voting/passing laws. So keep in mind that the Food Security Law has legal privileges to exploit reserves just as the budget Law does. And if the two are synonymous and we know the budget needs a rate to be operational to allocate funds to departments, projects, and agriculture. Wouldn't that mean the same for the FSL? Food, Poor Classes, and Investments were/are the three major areas where the surplus from oil was going to be spent on.

Mazhar also mentioned  that "the reserves also have a function in the process of financing foreign trade, which is related to development through the import of production means and supplies that will revive economic development." These reserves maintain the "Purchasing Power" of individuals, as it preserves the real income of the individual from fluctuations in the event of the deterioration of the dinar.

Come on people it doesn't get any better than this. All of these statements are only a couple or few days old.  IMO

~~~~~~~~~~~~

MilitiaMan:  Absolutely is a big deal. They have the reserves and in my view it is well over 90 billion they have suggested which is far more than needed to expose the new exchange rate.

The Food Security Law and 2022 Budget Law are synonymous and yes they both need the rate just as the Oil and Gas Law.. They are all interlinked and will be used in conjunction with the renaissance that is about to explode.

All of the above are inclusive to the rate not only based of oil. The taxes, tariffs, fees, customs, tourism, Liquid Natural Gas, mining, etc, all will be apart of the Non - Oil GDP to support the exchange rate and private sector build out. imo  ~MM

~~~~~~~~~~~~

Zeeman:  i am confused can you explain. you just said you thought the food law and budget was in the bag. but there is an atricle 91 that says the state of law will not pass this and secondly how can the budget be approved with the care taker gov with no end in sight between malaki/iran and sadr? thanks in advance  

TIVON:  When you look into the fine print of the article you will notice that they don't even make an attempt to clarify their point about the Food Security Law that was rejected by the courts that was a Draft Law that has since then been amended and passed a 1st Reading on that law in which the 2nd/3rd Reading is supposed to happen this Tuesday.

 Pay attention to things that disregard one thing because of another political opponents influence on that said thing which would be who & what?

Al-Sadr and his support for the Food Security Law that his enemies or obstructing parties do not want passed because of outside forces that continue to undermine the sovereignty of Iraq because they do not want citizens having purchasing power that will come from the Oil & Gas Law through the Federal Court which also have opponents in it that do not want to see a prosperous Iraq.

The Federal Court has not challenged the alternative Food Security Law. Big difference that this article does not mention for obvious reasons. Every article posted here is not in the intrest of Iraq. But it's good that they are because we get to see who's for and against the people. These people would be the Zionist/Khazarian/Cabal.  IMO

Quote: The statement added, "The oil and gas law in the region seems to have become a source of threat to the economic and political interests of some neighboring countries, which do not want the best for it and for Iraq, which prompted them to stand against this law through influential parties in the federal authorities that follow the policies of these countries."  End quote

TIVON:  Remember we have artist of confusion in Iraq who are hell bent on muddying the waters. They purposely left out information to make it appear that the current Food Security Law on the table tomorrow for Parliament was the one revoked by the Supreme Federal Court. Which is a total lie. Take those names down so you know who to look for to cause issues. They knew better and still proceeded to publish that article when we are well passed that event that happened 3+ weeks ago.

~~~~~~~~~~~

Tivon:  Things are wrapping up in terms of meetings and laws being passed that help uproot the corrupt bodies who stand in the way.

Some of them work for the Federal Government. Some work for Parliament. Some work in the Banking sector. Which is why you can not take every article at face value until you compiled enough to form a cohesive opion that underwrite the succession of actions formed that brought about events that has are will bring us closer to what we want.

And this week is powerful in regards to that. Especially the next session coming up hours from now. So expect even more news of prominence to come out. Especially when you see names like Al- Zamili, Mazhar, Al-Kazemi, Al-Sadr, and a few others including the governor of the CBI.   IMO

Some "Monday News" Posted by Samson at KTFA

KTFA:

Samson:  Parliamentary Finance talks about the fate of Iraq's budget for 2022

30th May, 2022

Today, Monday, the Parliamentary Finance Committee clarified the fate of the 2022 budget in light of the political crisis and the inability to send the project by the caretaker government.

Committee member Jamal Cougar said in a statement to (Baghdad Today), "If the government is formed quickly, the new government will send the draft budget that was prepared by the caretaker government."

He added, "If the government was not formed this year or was formed late, the 2020 scenario will be repeated, meaning sending a set of financial borrowing laws."  LINK

Samson:  A water well paves the way for a huge oil discovery in Iraq 

29th May, 2022

An informed source at the Ministry of Water Resources stated, on Sunday, that excavation work led to the discovery of oil-generating rocks close to the surface of the earth.

The source told Shafaq News Agency, "A team affiliated with the Ministry of Water Resources, when digging a water well in the Tel Abta area, southwest of the city of Mosul, found hydrocarbons within the sandy rocks in the formation of the hole at a depth of 117 m, which is an indication that the area contains large quantities of unexplored oil." close to the earth's surface.

The source added, "This situation was repeated previously when drilling water wells close to the current well, at a distance of 15 km, an area that has not been explored so far by the oil companies."  LINK

***************

Samson:  Al-Zamili: The time for dismissal of officials without accountability is over

30th May, 2022

First Deputy Speaker of Parliament Hakim Al-Zamili considered, on Monday, that the time for dismissal of officials without accountability "has ended", while noting that the House of Representatives will legislate in its current session the "Capital" law to bring about a "developmental revolution" in Baghdad.

A statement by Al-Zamili's office, received by Mawazine News, stated that the latter "presided over an expanded meeting of the Parliamentary Services and Reconstruction Committee, during which it hosted the Mayor of Baghdad Ammar Kazem, and the advanced cadre in the secretariat, in the presence of a number of Baghdad deputies, to agree on a common vision to advance the reality of the capital."

Al-Zamili said, according to the statement, that "the time of dismissal of officials without accountability has ended, and that he will personally follow up all files related to the former mayor of Baghdad and referred to the judicial authorities," noting that "the scenario of taking over others will not be repeated and will not absolve them of legal responsibility towards Baghdad," stressing However, "the first steps in the reform phase are to open corruption files and hold the corrupt accountable to stop the waste of public money."

Al-Zamili called for “presenting a vision and an urgent action plan and an achievable strategy for the management of the secretariat and the development of the capital during the coming period, and to expedite the development of treatments for the files and accumulated problems in the water sector, sewage networks, removing traffic jams, treating waste, and rehabilitating the entrances to Baghdad, in addition to abuses and slums.” And others, and giving priority to areas deprived of services and within precise and specific dates to complete the achievement.

The First Deputy confirmed, "The House of Representatives is very keen, during its current session, to legislate the "Capital" law, to grant broader powers to the secretariat and bring about a comprehensive development revolution in Baghdad," expressing "the parliament's support for the secretariat's work at the present time by increasing its allocations and monitoring its disbursement."

As he pointed out, "the need for continuous coordination between the secretariat and the Parliamentary Services and Construction Committee." 

Al-Zamili stressed that "any official or employee who obstructs the work is part of the scourge of corruption, and that the secretariat has a legitimate, legal and moral responsibility to put realistic treatments and provide tangible results for service problems, through real and diligent field work to serve the people."  LINK

Samson:Al-Rasheed Bank of Iraq outside international sanctions after 30 years

29th May, 2022

Al-Rasheed Bank announced, on Sunday, May 29, 2022, the removal of its name from the list of international sanctions of the Charter of the United Nations, which came in accordance with the document issued on April 18 last, as the Sanctions Committee of the Security Council issued a resolution according to which the sanctions that were imposed will end. Since 1990.

According to a report written by Ali Karim Etheeb for Al Jazeera Net, Al-Rasheed Bank is the second largest government bank in Iraq (after Al-Rafidain Bank), which was established in 1988 under Law No. (52) and became a public company under Public Companies Law No. (22) of 1997, and is subject to the bank’s supervision. The Iraqi Central Bank and the Financial Supervision Bureau. Its internal system No. (7) of 1998 set its objectives in supporting the national economy in the field of commercial banking, investing money and providing financing to various sectors in accordance with development plans and planning decisions, as it has 151 branches spread throughout Iraq.

The economic sanctions imposed on Iraq during the nineties of the last century created major problems at all levels, the most important of which were the banks' lack of infrastructure, large debts on banks, and dead assets that lost their real value, some of which extend to the Iran-Iraq war.

On the reason for the UN sanctions against Al-Rasheed Bank, its former general manager Abdul Hadi Sadiq said that the Security Council, in accordance with the resolutions it issued in 1990, has imposed seizures on the balances of Iraqi financial institutions, including Al-Rasheed Bank, since the Iraqi army entered Kuwait in August 1990.

Sadiq said that the balances of Al-Rasheed Bank when imposing the seizure decision were relatively few because the bank began its actual work at the beginning of the year 1989, according to Al-Jazeera Net. He pointed out that government banks, including Al-Rasheed, did not have the opportunity before the Iraqi army entered Kuwait in order to maneuver their financial balances, because the decision to enter at the time was a high degree of secrecy.

He pointed out that lifting the sanctions would prevent Al-Rasheed Bank from being exposed to any risks after ascertaining the obsolescence of any claims from the beneficiaries of the open credits by the bank.

The media official at Al-Rasheed Bank, Amal Al-Shuwaili, said that deleting the name of the bank from the list of international sanctions of the United Nations Charter is an advanced step that will move banking dealings to levels that have long moved away from it and from the ranks of advanced banks in terms of recent transactions that Arab and international banks have followed.

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, believes that the decision to lift the ban allows the large state-owned commercial bank to practice international banking through several tools. 

Saleh defined these tools by opening documentary credits to finance foreign trade for the private sector by restoring its banking relations with the chain of banking senders in the world. 

He added that the bank will enjoy the confidence of the global banking system and international financial markets, specifically by collecting supporting credit lines - to finance foreign trade for its customers from the Iraqi private sector at the lowest costs, due to the removal of one of the most important banking risks, which is political risks, noting that the decision will allow the bank to open its branches outside the country, Especially in important countries that are centers of international banking and related financial transactions.   LINK

**************

Samson:  Recovering Iraq's smuggled and stolen money... Integrity tells "important" details

30th May, 2022

The operations of recovering money, accused and convicted of corruption cases from outside Iraq face many challenges that can be said that they are not confined to the local side only, but also go beyond it to the international side, which is almost the most difficult in the face of the tireless efforts provided by the relevant authorities, foremost of which is the recovery department in the Commission Federal integrity, then, is the body responsible by law for collecting information, following up on wanted suspects, and recovering smuggled corruption funds.

It is in order to achieve that goal, which no longer represents a legal requirement only, but also becomes a public demand. It has developed plans, work programs and projects in cooperation with other concerned parties at home and abroad to ensure that its noble goals are achieved, general managers and others despite the issuance of judicial rulings against them by the Iraqi judiciary. The content of those objections raised by the custodial countries for the wanted persons are for reasons including their protection of that required by granting him their nationality or pushing them with the presence of political motives to retrieve him.

These objections may sometimes be based on technical reasons such as the lack of laws in that state allowing the extradition of those on its lands to other countries, or the incompleteness of these objections The delivery file according to its point of view, despite the fact that the procedures for the files were completed by the claimant.

Judge Al-Saadi noted that "the commission, in order to overcome these challenges and obstacles, did not stand idly by, but rather worked to find unconventional means in order to succeed in its national efforts to recover money and those convicted in corruption cases.

The outcomes of the conference held in Baghdad, which was at the forefront of finding non-traditional means to recover funds in cooperation with the Ministry of Foreign Affairs and a number of the commission’s departments,” noting that “the commission began working on activating government support on the political and diplomatic sides to follow up on the files of recovering corruption funds smuggled outside Iraq.

While the laws of some countries will be discussed and studied in depth in order to seize corruption funds abroad, and to communicate with the relevant international authorities in order to recover them.

He stressed that "the commission has moved effectively at all levels, whether regional or international, in order to form an international bloc that pressures countries that refrain from cooperating in the field of money recovery and those convicted of corruption cases.

This was demonstrated through its active participation in international and regional forums," revealing "presenting a proposal to organize an international conference for bodies and institutions specialized in combating financial and administrative corruption in the capital, Baghdad, in order for the participants in the conference to adopt the Iraq project calling for the formation of that international pressure bloc, activating work in it and implementing it on the ground.

Al-Saadi stressed by saying: "We are determined to hold that conference in the capital, Baghdad, and the task of preparing and coordinating its organization was entrusted to a committee composed of a number of specialized departments, in coordination with a number of international sponsoring and contributing organizations."

Regarding the level of international cooperation that the commission has sensed in the field of recovering funds and wanted fugitives outside Iraq, the head of the commission indicated that “the response to requests for legal assistance related to inventorying smuggled corruption funds and their recovery to Iraq and the pursuit of international wanted persons varies from one country to another,” adding that “the level of countries’ response to that the demands are related to several things, for example, the extent to which the laws of the country required to provide assistance or surrender are related to the terms of international and regional agreements, and the matter is also related to the level of relations and exchange of interests between them and our country, in addition to the level of diplomatic effort expended. The requests for international cooperation in this field vary from one country to another and cannot be evaluated in general."

The head of the commission classified the funds required to be recovered from outside Iraq, which fall within the jurisdiction of the commission’s recovery department,” noting that “the commission’s effective law No. 30 of 2011, as amended, entrusted the retrieval department with the task of following up and recovering money and corruption proceeds smuggled out of Iraq after the year 2003, as for the funds the looted items, which date back to the era of the former regime, i.e. before 2003, are within the competence of the Fund for the Recovery of Iraq's Funds from Abroad, based on Law No. 9 of 2012 as amended.

He pointed out that the approximate number of smuggled funds and proceeds of corruption, which were determined by judicial decisions issued by the trial courts, the penal courts, and the courts of first instance (which obligate the fugitive convict to pay the amounts of damage he inflicted with public money or which he unlawfully seized; to the party affected by his criminal act He explained that “those sums are called: the money ordered to be recovered, which can be roughly transferred as follows:

In his interview, Judge Al-Saadi touched on "the recent success that was achieved in recovering more than nine million dollars in the case of the convicted (Zina Saud), a former employee of the Baghdad Municipality," pointing to "the tireless efforts that, through continuous follow-up, led to the recovery of those funds, reviewing the details of the case that It started in 2009, after the commission revealed that the convict had smuggled money outside Iraq, specifically to the Kingdom of Jordan and Lebanon, and for her sake, issued an arrest warrant against her.

The sentence includes life imprisonment and confiscation of her movable and immovable property.

LINK